Ullico | Unions in Stop Loss Program Get Dividends
Ullico Bulletin

Unions in Stop Loss Program Get Dividends

The Union Labor Life Insurance Company is an experienced stop loss insurance carrier that understands the unique needs of self-funded plans. Our policyholders include major unions, including:

  • International Brotherhood of Electrical Workers
  • International Brotherhood of Teamsters
  • International Union of Bricklayers and Allied Craftworkers
  • International Union of Operating Engineers
  • Laborers' International Union of North America

These unions have endorsed our Group Stop Loss Insurance Programs as a way to help their affiliated health and welfare funds manage high claim costs while adapting to new Affordable Care Act requirements.

"One of the huge issues that can come up with vendors is a lack of understanding that labor is really different than the rest of white collar America," says Mary Jane MacArthur, Director of Health Promotion for the Laborers' Health & Safety Fund of North America. "We come from a different perspective, have a different type of clientele, and we want to make sure that we have the best that's available. Ullico has always had that reputation."

Returning Dividends to Funds

We work in partnership with policyholders to help manage large claim costs. In addition to our providing cost-containment expertise, we offer policyholders special terms. Participating funds have the opportunity to earn dividends based on annual premium volume. As part of the program, we've returned aggregate premium volume dividends in excess of $2 million to participating health and welfare funds across the nation.

"We're now going into our second year in the program, and our funds are starting to see the benefits of participating in a program like this," says MacArthur. "Funds that have been in it for over a year are starting to receive dividends, which is very encouraging, to know that the product designed and developed for us is meeting the needs and expectations that we had for it."



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